More than half of adults are bombarded with nuisance calls offering risky financial products.

StepChange Debt Charity says one in eight are being hassled every day with phone calls offering high-cost credit such as payday loans, and fee-charging debt management services.

"Unsolicited phone calls promoting high-risk financial products cause serious harm. Most people receive them and one in eight of us are bombarded with calls," said Mike O'Connor, chief executive of StepChange Debt Charity.

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Debt shouldn't be something you're sold

The charity is calling on the Financial Conduct Authority and the Treasury to ban unsolicited phone calls promoting high-risk financial products which can push people deeper into debt.

Mike O’Connor, chief executive of StepChange, said: “When someone is already in financial difficulty, they may be at their lowest ebb and feel they have no option but to make quick decisions through desperation, which can bring devastating consequences.

"A full and complete ban would not only protect those already in financial difficulty, it would also prevent further damage to the millions of people whose phones keep ringing and ringing."